Silver price prediction hinges on Warsh's Fed tone, with a hawkish message threatening a break toward lower support.
Silver slips below $57 as Fed meeting keeps markets on edge
Silver continues to see pressure on Wednesday, as we see an interest rate decision coming out, and the overall moves of the US dollar continue to weigh on the mind. At this juncture, volatility is possible.
Gold and silver continue to consolidate above major historical support zones as markets await the Federal Reserve's policy decision. While gold is holding above a decade-long trendline dating back to 2016, silver is facing a multi-decade support zone originating from the 1980 highs.
Silver price today: Silver rises, according to FXStreet data
Silver Price Forecasts: XAG/USD returns above $58.00 as US Dollar weakens
Gold and silver remain under pressure ahead of the Fed decision, with gold testing $3,950 support and silver trading between $55 and $64.
Silver Price Forecast: XAG/USD gains even as oil prices rebound, Fed policy awaited
The loudest silver story in July was a shooting war, but the more durable threat was a peaceful election in Peru, a country that digs up close to one silver ounce in six.
Silver's Peru problem: A local risk the global deficit can't absorb
Silver loses ground as hopes for US-Iran deal improve risk appetite
Silver drops early on Tuesday as we continue to see noise in the metals markets.